Core Insights - Tencent Cloud has been recognized as a "Leader in the First Quadrant" by IDC, making it the only Chinese company in this category, surpassing many global competitors [1][17]. Group 1: Conversational AI Applications - Conversational AI is highlighted as a key application of generative AI, enhancing customer service externally and improving employee efficiency internally [4][19]. - The Asia-Pacific region presents significant challenges for the deployment of conversational AI due to its linguistic diversity, cultural variety, and complex regulations [4][19]. - Tencent Cloud's conversational AI products have demonstrated improved efficiency, such as a 5% increase in the resolution rate of customer service queries for DHL, reducing the need for human agents by 200 per day [4][19]. Group 2: Industry Collaborations - Tencent Cloud has partnered with Huazhu Group to create a "24-hour digital concierge" app, enhancing customer service across various hotel operations [9][22]. - An intelligent investment assistant developed in collaboration with a leading brokerage firm has processed nearly 2 million user inquiries, tripling user penetration rates [9][23]. - A specialized automotive agent created with FAW Toyota provides detailed maintenance guidance, significantly improving service interaction and problem resolution rates [9][24]. - Collaboration with Yili Group has led to a smart shopping assistant that increased click-through rates by 15.7% and order numbers by 26%, with a 39% rise in conversion rates for direct orders [9][27]. Group 3: Regional Expansion and Impact - Tencent Cloud's conversational AI applications have expanded across regions including Hong Kong, Macau, Singapore, and Indonesia, impacting various industries such as automotive manufacturing, cross-border logistics, pharmaceutical retail, and financial insurance [4][15][29].

| 2025.10.02 | 81.20 | 683.000 | 666.000 | 55029.53 | | --- | --- | --- | --- | --- | | 2025.09.30 | 83.20 | 666.500 | 657.500 | 55096.02 | | 2025.09.29 | 83.70 | 664.000 | 648.000 | 55071.89 | | 2025.09.26 | 85.00 | 652.500 | 640.000 | 55032.18 | | 2025.09.25 | 84.40 | 658.500 | 644.000 | 55030.08 | | 2025.09.24 | 85.80 | 650.500 | 628.500 | 55053.52 | | 2025.09.23 | 86.70 | 643.000 | 627.000 | 55037.30 | | 2025.09.22 | 86.20 | 643.000 | 635.000 | 55040.13 | | 2025.09.19 | 85.70 | 647.000 | 638.500 | 55078 ...

今日上榜个股中，小米集团-W、长飞光纤光缆、腾讯控股等8只股同时上榜港股通（深）、港股通 （沪）成交活跃股， 小米集团-W合计成交额32.50亿港元，成交净买入9.04亿港元，长飞光纤光缆合计 成交额28.51亿港元，成交净买入3.70亿港元。盈富基金合计成交额16.28亿港元，成交净卖出14.22亿港 元，中国移动合计成交额24.67亿港元，成交净卖出12.94亿港元。 从连续性进行统计， 有3只股获南向资金连续3天以上净买入，连续净买入天数较多的有小米集团-W、 美团-W、腾讯控股，连续净买入天数分别为15天、7天、3天。以其间净买入金额统计，净买入金额最 多的是小米集团-W，合计净买入为147.52亿港元，其次是美团-W合计净买入为59.92亿港元，腾讯控股 合计净买入为7.63亿港元。有2只股获连续净卖出，净卖出金额居前的有中国移动、中国海洋石油等， 合计净卖出金额分别为28.86亿港元、20.91亿港元。（数据宝） 12月18日南向资金成交活跃股 12月18日恒生指数上涨0.12%，南向资金全天合计成交金额为734.95亿港元，其中，买入成交373.76亿 港元，卖出成交361.19亿港元，合计净买 ...

12月18日恒生指数上涨0.12%，报收25498.13点，全天南向资金通过港股通渠道合计净买入12.57亿港 元。 12月18日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 253234.32 | 8733.76 | -1.30 | | 01810 | 小米集团-W | 港股通(沪) | 204422.08 | 34867.34 | -2.47 | | 06869 | 长飞光纤光缆 | 港股通(沪) | 178493.26 | 25144.24 | -0.69 | | 09988 | 阿里巴巴-W | 港股通(深) | 168611.00 | -24316.50 | -1.30 | | 00941 | 中国移动 | 港股通(沪) | 141016.37 | -81294.57 | -0.47 | | 00700 | 腾讯控股 | 港股通(沪) | 134764.38 | -26105.75 | 0.00 ...

近日，围绕腾讯手游《金铲铲之战》（下称《金铲铲》）新赛季核心活动"不朽传奇召唤"的重大规则失误，一场关于虚拟资产价值与运营责任的讨论 正在玩家社群中持续发酵。 事件起源于12月12日，《金铲铲》上线新活动"不朽传奇召唤"，奖池内容包括全新神话级、至臻级小小英雄等顶级道具。按照以往规则，玩家抽取一 个至臻等级道具的保底成本通常为几千元，而抽齐全套至臻等级皮肤的成本高达10万元。 然而，活动上线后，一个关键的活动规则设计失误被迅速发现并传播：玩家可通过特定充值方式配合连续抽取操作触发异常高爆率。换言之，玩家只 需先抽完奖池中所有普通道具，剩余奖池便全是原价数千元的高价值道具；这时仅需以60元/抽进行十连抽，就可100%获得一件顶级道具。按此机制计 算，原本价值约10万元的全套皮肤，部分玩家最终仅需约6000元就可"轻松拿下"。 尽管官方在接到反馈后，以"技术问题"为由迅速下架活动，但已有471个账号利用此规则漏洞，解锁了远超设计预期的珍贵道具。事后，《金铲铲》 运营团队发布紧急公告致歉，将事件定性为"活动规则设计失误"，并公布处理方案：向所有在活动下架前参与的玩家补偿一个价值约百元的"英雄级小小 英雄宝箱"，同时 ...

智通财经APP获悉，2025年12月17-18日，"光 LIGHT·增长无界" 2025腾讯广告游戏生态峰会在上海成功 召开。中国音像与数字出版协会常务副理事长兼秘书长敖然在会上致辞并发布《2025中国移动游戏广告 营销报告》，介绍中国移动游戏营销的现状和发展。报告显示，产业现状方面，目前，中国移动游戏市 场已进入成熟发展阶段，单年市场规模稳定在2000亿元以上，并占据国内整体游戏市场约四分之三的份 额。在新品与长线产品的共同作用下，2025年中国移动游戏市场实际销售收入同比增速超7%，全年收 入再创新高。 移动游戏的用户构成较往年出现了变化，以年轻用户为主力的同时，中老年用户占比有所增加。小程序 游戏是促进中老年用户占比提升的重要因素。而从性别构成来看，男性用户相对较多，占比为52%，在 女性向游戏的带动下，男性、女性用户占比正逐步接近1:1。 营销现状方面，2025年1—6月中国主要上市游戏企业销售费用率均值为21.8%，较去年同期下降2.9个百 分点，是近5年来首次明显下降。注重深度营销指标是上述变化的核心成因，深度营销指标能进一步强 化营销投入与创收间的关联，进而提升营销回报。 2025年1—6月销售 ...

"千域计划"作为腾讯智慧零售与生活产业构建数字生态的核心载体，2025 年交出亮眼答卷：合作项目 数量同比增长超 150%，整体合作金额突破 1.5 亿元，"被集成" 新型合作模式实现 153% 的高速增长。 2025 年千域认证体系全面升级，从技术实力、生态协同、跨行业服务、社会价值等多维度综合考评， 认证结果已成为行业极具公信力的选型参考。高灯科技与众多领军企业联袂入选，印证了其在 AI 技术 落地、公共服务与零售生态融合等领域的突出优势。 多年来，高灯科技与腾讯在技术协同、生态共建、场景拓展等方面深度携手，精准契合千域计划 "AI、 出海、全域经营" 核心方向，与国家数字经济高质量发展战略同频共振。高灯科技将公共服务数字化解 决方案与腾讯生态深度融合，在数字就业、智慧交通、数字农人、智慧能源等领域搭建起民生服务与数 字经济的沟通桥梁，成为产业互联网创新实践的鲜活样本。 高灯科技始终坚信生态价值在于共生共荣。未来将持续以技术创新破局，深化与腾讯及生态伙伴的协 同，让数字技术更接地气、更暖人心，在赋能民生与产业升级的道路上务实前行。 作为腾讯发起成立的核心生态企业，高灯科技与腾讯的合作从业务协同到价值共生， ...

Company News - Emperor Capital (00717.HK) reported total revenue of approximately HKD 730 million for the year ending September 30, 2025, representing a year-on-year increase of 37.3%. Net profit reached approximately HKD 147 million, up 121.4% year-on-year [2] - New Special Energy (01799.HK) plans to sell a 79.92% stake in Xinjiang Wind Power New Energy Partnership for approximately HKD 1.337 billion to facilitate a REITs issuance [2] - Bay Area Development (00737.HK) signed a construction contract for the Shenzhen section with a contract value of RMB 1.448 billion [2] - Weichai Power (03393.HK) won a bid for the Brazil CPFL project with a contract amount exceeding HKD 80 million [3] - WuXi AppTec (02359.HK) invested approximately EUR 30 million to acquire a 3.22% stake in a French biopharmaceutical fund [3] - Joy Spreader Group (02473.HK) established a long-term strategic cooperation with New Stone Technology in areas such as autonomous vehicle procurement and market promotion [3] - Fosun Pharma (02196.HK) signed a cooperation and option agreement with Clavis Bio to jointly advance preclinical development of selected target compounds [3] - CSPC Pharmaceutical Group (01093.HK) reported top-line analysis data from the Phase III clinical trial of its drug, Truxima [3] - Yihai International (01662.HK) announced a strategic cooperation between Trio AI and HGC [4] Financing and Buyback Activities - Zhi Yuan Holdings (00990.HK) plans to issue a total of 515 million new shares at a discount of approximately 1.4%, aiming to raise about HKD 355.3 million [5] - Tencent Holdings (00700.HK) repurchased 1.055 million shares for HKD 636 million, with buyback prices ranging from HKD 599.5 to HKD 605.5 [5] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for HKD 151 million, with buyback prices between HKD 40.12 and HKD 40.24 [6] - COSCO Shipping Holdings (01919.HK) repurchased 5.9 million shares for HKD 80.6 million, with buyback prices from HKD 13.52 to HKD 13.76 [7] - Kuaishou-W (01024.HK) repurchased 1.235 million shares for HKD 80.2 million, with buyback prices ranging from HKD 64.35 to HKD 65.60 [7] - Geely Automobile (00175.HK) repurchased 1.908 million shares for HKD 31.8 million, with buyback prices between HKD 16.26 and HKD 16.8 [8]

Group 1 - On December 18, southbound funds net bought Hong Kong stocks worth 1.257 billion HKD, with significant purchases in Xiaomi Group (903 million HKD) and Meituan (434 million HKD) [1] - Xiaomi Group has seen continuous net buying for 15 days, totaling 14.75053 billion HKD, while Meituan has experienced net buying for 7 days, totaling 5.99241 billion HKD [1] - Major net selling was observed in the Tracker Fund of Hong Kong (14.22 billion HKD) and China Mobile (12.94 billion HKD) [1] Group 2 - Xiaomi Group announced a share buyback of 1.51 million HKD for 3.75 million shares at a price range of 40.12-40.24 HKD per share [3] - Meituan's LongCat team launched an open-source SOTA-level virtual human video generation model, enhancing capabilities in video generation and stability [3] - Tencent Holdings repurchased shares worth approximately 640 million HKD, and Goldman Sachs maintains a "buy" rating with a target price of 770 HKD, citing Tencent Cloud's expansion into key international markets [3]

研究背景与意义 方法论与数据来源 十大核心发现 第二章 十年谣变简史 2.1 十年谣言分期与时代烙印 2.1.1 第一阶段（2015-2019）：常识启蒙与生活谣言的高发时期 2.1.2第二阶段（2020-2022）：重大公共事件与社会焦点的视频化蔓延 2.1.3第三阶段（2023-2025）：AI融合下的内容多元化与鉴伪挑战 2.2谣言生产与传播生命周期解析 2.2.1谣言形态与手法的迭代升级 2.2.2谣言生产动机的演化 2.2.3谣言生命周期解析 2.2.4"常青树"谣言与"昙花一现"谣言 2.3 2016～2025历年最热谣言 第三章 谣言传播方式的升级与公众认知的演变 3.1谣言传播的"渠道革命"：从文本到短视频与算法裂变 3.1.1门户网站与社交媒体初期：文本与弱关系链的扩散 3.1.2圈层化与即时性：基于强关系传播网络的扩散 3.1.3短视频与算法推荐平台的崛起 3.1.4裂变式、精准化、多元化：AIGC带来的传播挑战 3.2公众角色与心态变迁 3.2.1第一阶段（2015-2019）：生活焦虑在前，信息判断在后 3.2.2第二阶段（2020-2022）：重大公共事件下的"信息饥渴"与被动求证 ...